Dangerous, they may be discounting due to the fact that the wells are of a relatively low flow rate. They are targeting an average of 25bopd per well.
Each well costs 200k for them to drill so it's pretty straight forward and looks to be simple.
To get the oil out they need to drill alot of wells but they own the rigs and build the rigs so maintenance is cheap and they will allways be paying cost price plus labor to drill wells.
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Dangerous, they may be discounting due to the fact that the...
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